Worldquant Millennium Advisors LLC lifted its holdings in shares of Godaddy Inc (NYSE:GDDY) by 56.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 287,217 shares of the technology company’s stock after acquiring an additional 103,511 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.16% of Godaddy worth $20,148,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. increased its position in Godaddy by 23.7% in the second quarter. BlackRock Inc. now owns 14,344,269 shares of the technology company’s stock worth $1,006,251,000 after buying an additional 2,747,523 shares during the last quarter. Nuveen Asset Management LLC increased its position in Godaddy by 3,070.3% in the second quarter. Nuveen Asset Management LLC now owns 2,805,367 shares of the technology company’s stock worth $196,797,000 after buying an additional 2,716,877 shares during the last quarter. FMR LLC increased its position in Godaddy by 32.6% in the first quarter. FMR LLC now owns 8,332,155 shares of the technology company’s stock worth $626,495,000 after buying an additional 2,046,952 shares during the last quarter. Marshall Wace LLP increased its position in Godaddy by 1,989.7% in the second quarter. Marshall Wace LLP now owns 1,878,596 shares of the technology company’s stock worth $131,784,000 after buying an additional 1,788,699 shares during the last quarter. Finally, Eminence Capital LP purchased a new stake in Godaddy in the second quarter worth $103,895,000. 96.56% of the stock is owned by institutional investors.
GDDY has been the subject of a number of recent research reports. Raymond James decreased their target price on Godaddy from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. ValuEngine downgraded Godaddy from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, SunTrust Banks reissued a “buy” rating and issued a $90.00 target price on shares of Godaddy in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $89.38.
NYSE:GDDY traded up $0.85 during trading hours on Wednesday, reaching $66.48. The stock had a trading volume of 1,065,018 shares, compared to its average volume of 1,386,010. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day simple moving average of $64.52 and a 200 day simple moving average of $72.17. Godaddy Inc has a 12-month low of $56.67 and a 12-month high of $84.97. The stock has a market cap of $11.74 billion, a P/E ratio of 105.52, a price-to-earnings-growth ratio of 9.91 and a beta of 0.69.
Godaddy (NYSE:GDDY) last released its earnings results on Thursday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The firm had revenue of $737.20 million during the quarter, compared to analysts’ expectations of $735.40 million. Godaddy had a return on equity of 11.44% and a net margin of 1.98%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. On average, equities analysts expect that Godaddy Inc will post 0.48 earnings per share for the current fiscal year.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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